Head of YZi Labs: Funds are flowing back from Meme to altcoins. Meme coins have no fundamentals and therefore cannot be sustained

On March 15th, YZiLabs (formerly Binance Labs) leader Ella Zhang stated in an interview with BeInCrypto that although community-driven narratives provide investors with a fairer entry point, they have lost momentum over time due to weak fundamentals. Ella Zhang said: Starting from the end of the first quarter, interest in tokens supported by venture capital began to decline, while the popularity of meme coins soared, leading to the so-called meme coin frenzy; Pump.fun and similar platforms are reshaping early-stage altcoin investments to make them more accessible, transparent, and community-driven. These platforms mainly focus on meme coins, experimental tokens, and community-driven projects, making it easier for anyone to launch and participate in new crypto assets. However, in recent months, this trend has started to reverse. Although meme coins are easy to obtain, their short-lived popularity has prompted traders to return to altcoins supported by venture capital. "According to CoinMarketCap data, this trend is now slowing down. The ratio of meme coin market value to non-meme altcoin market value has been declining, indicating that funds are gradually flowing back to non-meme coins. For any asset to have lasting/continuous value, it [needs] one or more underlying services, businesses, products, technologies, or innovations to drive price increases. Without fundamentals, value cannot be maintained." Ella Zhang said.